2019 IPOs: Startup Firms Saw Nearly One-Third Of Total Proceeds

Last year, a total of 67 biopharma and medtech companies completed initial public offerings (IPOs), raising for $8.55bn between them.

Medical device startup Envista Holdings Corp. brought in $643.7m in the largest IPO among all biopharma and medtech firms. The firm had been Danaher Corp.'s dental subsidiary; however, following the offering the companies began operating as separate public entities. Envista is organized through two operating segments: specialty products and technologies, and equipment and consumables.

Leading the pack in the biopharma sector was Denmark-based Genmab AS, which raised over half a billion dollars. The...

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